The benefit of learning together with your friend is that you keep each other accountable and have meaningful discussions about what you're learning.
Courtlyn
Promotion and Events Specialist
Offset risk and make informed investment decisions for increased profitability
Download Brochure
February 13, 2025
6 weeks, online
4–6 hours per week
Participants report that enrolling in a program with colleagues fosters collaborative learning and amplifies their impact.
Please provide your details to get more information about the group-enrollment pricing.
The benefit of learning together with your friend is that you keep each other accountable and have meaningful discussions about what you're learning.
Courtlyn
Promotion and Events SpecialistIn a volatile economy, being able to determine an asset’s value, understand an organization's financing sources, calculate profitability, and estimate risks is more critical than ever. These are the metrics that help determine a win or a loss.
Developed by Doron Nissim, the Ernst & Young Professor of Accounting and Finance at Columbia Business School, this program is designed for investors and financial professionals to assess the vital signs of an organization with more precision in order to make better investment decisions. Through the use of a proprietary Excel analysis tool and several case studies, each module illustrates the learnings through a real-world scenario, culminating in a live debriefing of a case with Professor Nissim.
Of CFOs consider accurate financial forecasting and budgeting vital for company’s growth, highlighting the importance of advanced financial analysis.
More profitability and shareholder value can be achieved by companies that excel in financial planning and analysis.
Growth in employment for financial analysts by 2031 is projected, indicating strong demand for advanced financial analysis skills.
The Advanced Financial Statement Analysis (Online) program will enable you to:
Review the fundamentals of financial accounting principles and transactions.
Earnings quality analysis offers insights on several dimensions, including the sustainability of earnings, their informativeness and accuracy, and the likelihood that they have been manipulated.
Learn how to conduct a comprehensive profitability analysis, starting with reformulation of the financial statements—and the motivation for doing so.
Learn how to use financial reports to evaluate risks, including solvency, liquidity, market/macro exposures, earnings volatility, and other risk factors.
Knowing how to properly forecast financial metrics is a critical skill for management, investors, creditors, and other stakeholders.
Leverage financial information to guide investment strategy decisions at your organization or in your own portfolio.
Review the fundamentals of financial accounting principles and transactions.
Learn how to use financial reports to evaluate risks, including solvency, liquidity, market/macro exposures, earnings volatility, and other risk factors.
Earnings quality analysis offers insights on several dimensions, including the sustainability of earnings, their informativeness and accuracy, and the likelihood that they have been manipulated.
Knowing how to properly forecast financial metrics is a critical skill for management, investors, creditors, and other stakeholders.
Learn how to conduct a comprehensive profitability analysis, starting with reformulation of the financial statements—and the motivation for doing so.
Leverage financial information to guide investment strategy decisions at your organization or in your own portfolio.
World-Renowned Faculty
Learn from accomplished faculty, and industry experts whose diverse backgrounds encompass a broad range of disciplines
Guest Speakers
Accomplished academics and experts offer unique perspectives and the opportunity to put learning into practice
Peer Interaction
Stimulating discussions with like-minded global peers expand your professional network and build a supportive community
Case Studies
Through exploratory sessions, examine practical examples and find innovative solutions to strategic challenges
Engaging Assignments and Activities
Hone business acumen and executive skills with try-it activities that help you redefine your potential
Organizations’ financial reports serve as the basis for illustrating key concepts, such as the fundamentals of the balance sheet, analysis of various transactions, and assessment of earnings quality and solvency ratios.
SEC reports and financial statements serve as the foundation for this multilayered case that weaves many critical concepts into the program, including the Summary of Significant Accounting Principles in the footnotes section, risk analysis, earnings quality analysis, and reformulation of the balance sheet.
The final project is focused on the case, Financial Analysis and Valuation of Tesla, and culminates with a live debrief with lead faculty, Doron Nissim, the Earnst & Young Professor of Accounting and Finance at Columbia Business School.
Past participants of the Advanced Financial Statement Analysis (Online) program come from diverse backgrounds, industries, and experiences.
Average years of work experience:
Top industries:
Top functions:
Top countries:
Note: Data from across previous cohorts
DORON NISSIM
Ernst & Young Professor of Accounting and Finance, Columbia Business School
Doron Nissim teaches MBA, EMBA, MS, and PhD courses in financial accounting, earnings quality, fundamental analyses, valuation, investment management, financial institutions, and research methods. He also serves as the director of three executive education programs — Financial Analysis and Valuation, Finance and Accounting for the Nonfinancial Professional, and Finance and Accounting for New York Presbyterian Hospital.
Nissim’s research is primarily in the areas of earnings quality, fundamental analysis, equity valuation, financial institutions, and corporate finance. His research is frequently cited in The Wall Street Journal, Time, The New York Times, Bloomberg, Chief Executive Magazine, The Economist, and the International Herald Tribune.
He earned his BA from University of Haifa and his MS and PhD in accounting at the University of California, Berkeley. He joined Columbia Business School in 1997.
After reviewing the information on the program landing page, we recommend you submit the short form above to gain access to the program brochure, which includes more in-depth information. If you still have questions on whether this program is a good fit for you, please email learner.success@emeritus.org, and a dedicated program advisor will follow-up with you very shortly.
Some programs do have prerequisites, particularly the more technical ones. This information will be noted on the program landing page, as well as in the program brochure. If you are uncertain about program prerequisites and your capabilities, please email us at the ID mentioned above.
Note that, unless otherwise stated on the program web page, all programs are taught in English and proficiency in English is required.
More than 50 percent of our participants are from outside the United States. Class profiles vary from one cohort to the next, but, generally, our online certificates draw a highly diverse audience in terms of professional experience, industry, and geography — leading to a very rich peer learning and networking experience.
Check back to this program web page or email us to inquire if future program dates or the timeline for future offerings have been confirmed yet.
Each program includes an estimated learner effort per week. This is referenced at the top of the program landing page under the Duration section, as well as in the program brochure, which you can obtain by submitting the short form at the top of this web page.
We have designed this program to fit into your current working life as efficiently as possible. Time will be spent among a variety of activities including:
The program is designed to be highly interactive while also allowing time for self-reflection and to demonstrate an understanding of the core topics through various active learning exercises. Please email us if you need further clarification on program activities.
More than 300,000 learners across 200 countries have chosen to advance their skills with Emeritus and its educational learning partners. In fact, 90 percent of the respondents of a recent survey across all our programs said that their learning outcomes were met or exceeded.
All the contents of the course would be made available to students at the commencement of the course. However, to ensure the program delivers the desired learning outcomes the students may appoint Emeritus to manage the delivery of the program in a cohort-based manner the cost of which is already included in the overall course fee of the course.
A dedicated program support team is available 24/5 (Monday to Friday) to answer questions about the learning platform, technical issues, or anything else that may affect your learning experience.
Peer learning adds substantially to the overall learning experience and is an important part of the program. You can connect and communicate with other participants through our learning platform.
Each program includes an estimated learner effort per week, so you can gauge what will be required before you enroll. This is referenced at the top of the program landing page under the Duration section, as well as in the program brochure, which you can obtain by submitting the short form at the top of this web page. All programs are designed to fit into your working life.
This program is scored as a pass or no-pass; participants must complete the required activities to pass and obtain the certificate of completion. Some programs include a final project submission or other assignments to obtain passing status. This information will be noted in the program brochure. Please email us if you need further clarification on any specific program requirements.
Upon successful completion of the program, you will receive a smart digital certificate. The smart digital certificate can be shared with friends, family, schools, or potential employers. You can use it on your cover letter, resume, and/or display it on your LinkedIn profile.
The digital certificate will be sent approximately two weeks after the program, once grading is complete.
No, only verified digital certificates will be issued upon successful completion. This allows you to share your credentials on social platforms such as LinkedIn, Facebook, and Twitter.
No, there is no alumni status granted for this program. In some cases, there are credits that count toward a higher level of certification. This information will be clearly noted in the program brochure.
You will have access to the online learning platform and all the videos and program materials for 12 months following the program start date. Access to the learning platform is restricted to registered participants per the terms of agreement.
Participants will need the latest version of their preferred browser to access the learning platform. In addition, Microsoft Office and a PDF viewer are required to access documents, spreadsheets, presentations, PDF files, and transcripts.
Yes, the learning platform is accessed via the internet, and video content is not available for download. However, you can download files of video transcripts, assignment templates, readings, etc. For maximum flexibility, you can access program content from a desktop, laptop, tablet, or mobile device.
Video lectures must be streamed via the internet, and any livestream webinars and office hours will require an internet connection. However, these sessions are always recorded, so you may view them later.
Yes, you can register up until seven days past the published start date of the program without missing any of the core program material or learnings.
The program fee is noted at the top of this program web page and usually referenced in the program brochure as well.
Yes, you can do the bank remittance in the program currency via wire transfer or debit card. Please contact your program advisor, or email us for details.
Yes! Please email us with the details of the program you are interested in, and we will assist you.
Please email us your invoicing requirements and the specific program you’re interested in enrolling in.
Yes, the flexible payment option allows a participant to pay the program fee in installments. This option is made available on the payment page and should be selected before submitting the payment.
Please connect with us via email for assistance.
Emeritus collects all program payments, provides learner enrollment and program support, and manages learning platform services.
Program fees for Emeritus programs with Columbia Business School Executive Education may not be paid for with Title IV financial aid funds. Participants may be able to pay the program fee with funds from the GI Bill, the Post-9/11 Educational Assistance Act of 2008, or similar types of military education funding benefits. Participants must contact the Columbia University’s Office of Military and Veterans Affairs to determine benefit eligibility.
For the program refund and deferral policy, please click the link here.
Upon completion of the Advanced Financial Statement Analysis (Online) program, you will receive a certificate of participation from Columbia Business School Executive Education. This certificate also awards two credits towards the Certificate in Business Excellence, which grants select alumni and tuition benefits. Learn More
Download BrochureYour digitally verified certificate will be issued in your legal name and emailed to you, at no additional cost, upon completion of the program, including all modules of the program (online, in person, or live online, inter-module). All certificate images are for illustrative purposes only and may be subject to change at the discretion of Columbia Business School Executive Education.
Flexible payment options available.